Cedar Rapids, IA 52402,4545 1st Ave SE
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Diana Salazar

Diana Salazar

+1(319) 722-1022
$ 4,085,000
Est. payment | /mo

6,874 Sqft Lot

Save
$ 4,085,000
Est. payment | /mo
Save

6,874 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202201331

Year Built 2018

Annual Tax Amount $48,246

Tax Year 2024

Lot Size 6,874 Sqft

Acres 1.1

Property Sub-Type Retail

Property Description

Net leased investment opportunity ideally located on 1st Avenue/Hwy 151 in the heart of Cedar Rapids' retail/commercial district near the busiest corner in Linn County. National credit tenants include FedEx Office and Aspen Dental. FedEx Office, with over 2200 locations nationwide, is a strong investment grade tenant with a market capitalization of over $50 Billion. Aspen Dental, the largest and fastest-growing branded network of dental practices in the US has nearly 900 locations in 42 states nationwide. Aspen Dental has pursued an aggressive growth strategy. The company targets new locations located in super-regional retail areas. In 2020, the company forecasted that more than 800 branded practices will service 5 million patient appointments. Aspen dental net lease properties are highly sought after investments. Contact LA for lease terms. Ownership contains licensed real estate professionals in the State of Iowa.

Location

State IA

County Linn

Zoning Sub MixedUse Regional Ctr

Direction On 1st Avenue next to Red Robin, in front of Home Depot. Across from Lindale Mall.

Interior

Heating Natural Gas, Central

Cooling Central Air

Flooring Concrete Slab Grade, Carpet

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water

Roof Type Other

Building

Lot Size Range One To Two Acres

Structure Type Frame

Others

Tax ID 14024-51001-00000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by GLD Commercial Real Estate Advisors

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Diana Salazar
Diana Salazar

Agent | License ID: S67677000

+1(319) 722-1022

2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States

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4545 1st Ave SE